October 5th, 2011  Posted at   Used Cars
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The most important thing to know about negotiating with used car dealers is that they will base their negotiable limits on their perception of you. If they see you as knowledgeable and shrewd, they will know they can not push you around. Likewise, if they perceive you as ignorant and wishy-washy, they will know they can charge you more for a car.

Used car dealers will always try to stretch your limits. If you are willing to pay $10,000 at 8.5% on a car listed for $11,000, they will offer you $10,500 at 9.5%. Know your limits. If your limits are being stretched, simply stand up, say no thank you, and walk out the door. If you buckle on one thing, the dealer will know they can push you around on everything.

Many dealers base their tactics on your ignorance. They will tell you nobody will finance a car that is 10 years old. They will tell you nobody will finance a used car for less than 7%. They will tell you nobody will finance a used car without a down payment. All of these statements are incorrect.

So, how do you become a knowledgeable and shrewd used car buyer? First, know what kind of car you want. Educate yourself on websites like edmunds.com and Kelly Blue Book’s website kbb.com. Second, know what your credit score is by running your own credit report before you even start car shopping. The government will give you one free tri-bureau credit report each year at annualcreditreport.com. Third, find out what interest rates are currently available at local credit unions. This doesn’t take much time because most credit unions will post their rates on their websites. Read more… »

October 5th, 2011  Posted at   Car Insurance
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With the vehicle scrappage scheme only applying to drivers trading in cars that are over 10 years old, many cash-strapped buyers are looking to second hand cars instead. However, how can you find cheap car insurance for a used car?

Research from Sainsbury’s Finance has discovered that 10 per cent of adults in Great Britain plan to buy a second hand car in the six months leading up to August 2009 spending an average of £4,487 on each. Used cars are typically less expensive to insure than new cars because the older the car is the less likely it is to be driven at high speeds and the less desirable it is to thieves and vandals.

However, used cars are popular among joy-riders and opportunist thieves looking for an easy catch. This can push car insurance costs upwards.

How to find a cheap second hand car to insure

If you’re worried about how much a used car will cost you every month then it’s best to factor in insurance costs before you buy.

Visit the Association of British Insurers database which ranks every vehicle into a car insurance group. The higher the group, the higher the premiums with cars ranked based on a variety of factors such as how difficult their parts are to replace, how much repairs typically cost and so on. The groups are ranked from 1-20 although this will rise to 1-50 from December 2009.

Generally cars with smaller engines and fewer modifications fit into lower car insurance groups so consider these factors when shopping around. Read more… »

October 5th, 2011  Posted at   Used Cars
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Local used car for sale by owner is a term that comes up to the mind of every person in the used cars market. The perception is that owner sales are always money savers. This can be very true, or very wrong.

The assumption would be valid if the right research is coupled, and could become your worst enemy if you neglect to do your homework. It may lead to a higher overall budget when the repair work is added to the equation.Hence, there are some dealers and individuals that have no sympathy for negligent shoppers when it comes to the aftermath of selling a car.

I will focus this article on local used cars for sale by owners, and will further dedicate a whole chapter of tips and hints to smart shopping at dealerships. Hence, private sellers don’t have to pay employees, lot rental and all the other costs associated with running a car dealership.

This allows for a used car listed by an owner to be less costly than an identical at a dealership.And this is why you should always look for local used cars for sale by owners.

When approaching private sellers you should always know that every human being looks for their best interest, not only you do so. So, it doesn’t hurt to ask questions and further use the services available to public to confirm the answers. Carfax is a report that provides you with information pertaining to accidents that car have been in, and major mechanical problems were fixed. Furthermore, the best advise I can give you is have the seller provide you with an inspection report from a brand name mechanical shop. Based on the report, you could then associate the car with one of three conditions, fair, good, or excellent. Next, visit KBB for a very accurate fair market listing according to the condition of the car. Read more… »

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